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Dollar Softer, Oil Rallies, Silver and Gold Sluggish
Dollar turn softer again in Asian session today and looks set to extend recent decline. But overall markets are quiet so far, with major pairs and crosses staying inside Friday’s range. Economic calendar is likely today and focuses will be on whether broad risk markets would take the lead. Oil price is doing its job …
Dollar Softer, Oil Rallies, Silver and Gold SluggishRead More
BOC Preview – Further QE Tapering
As further QE tapering to CAD 1B/week has been fully priced in, the focus of this week’s BOC meeting is the forward guidance on rate hike. The market has priced in 3 rate hikes in 2022. We expect the central bank to maintain the guidance that a rate hike would come when “economic slack is …
Twitter and Square CEO Jack Dorsey says ‘hyperinflation’ will happen soon in the U.S. and the world
Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, 2021. Marco Bello | AFP | Getty Images Twitter co-founder Jack Dorsey weighed in on escalating inflation in the U.S., saying things are going to …
Dollar Ended Lower Despite Increasing Bets on Fed Hike, US Stocks Hit New Records
The markets have turned a bit mixed last week and have likely entered into a near term consolidative mode already. Dollar ended broadly lower even though traders continued to add their bet on a Fed rate hike next year. Indeed, the odds for a hike by June is now higher than not. Canadian Dollar was …
Dollar Ended Lower Despite Increasing Bets on Fed Hike, US Stocks Hit New RecordsRead More
Week Ahead: Central Banks Return, Political Drama and BIG Earnings
Without many catalysts for the markets over the last few weeks, potential market moving events will return in force this week! After a few weeks out of the limelight for major central banks, the BOC, BOJ, and ECB meet to discuss monetary policy. In addition, politics return to the spotlight as the UK releases its …
Week Ahead: Central Banks Return, Political Drama and BIG EarningsRead More
Mexico’s Inflation Continues to Rise Despite Interest Rate Increases USD/MXN
At Mexico’s last central bank meeting on September 30th , Banxico hiked interest rates from 4.5% to 4.75% and said that the recent rise in inflation is transitory (like so many other central banks around the globe). They also stated that they expect inflation to converge to their 1%-3% target within the horizon forecast. Today, …
Mexico’s Inflation Continues to Rise Despite Interest Rate Increases USD/MXNRead More
The Weekly Bottom Line: Inflation Keeps on Persisting
U.S. Highlights Inflation remained top of mind this week as economic indicators offered little evidence of moderation in supply-side disruptions. The bond market continued to reassess the path of monetary policy, pulling its expectations for the first rate hike forward to September 2022. Canadian Highlights The Bank of Canada released its Business Outlook Survey and …
The Weekly Bottom Line: Inflation Keeps on PersistingRead More
Weekly Economic & Financial Commentary: Economic Disruption in China & U.K. CPI Fueling BoE Rate Hike Bets
Summary United States: Snarled Supply Chains Stymie Production Supply chain snags continue to bedevil the factory sector. Industrial production fell 1.3% in September. Tangled value chains are worsening building material shortages and hampering new home construction. During September, housing starts and building permits declined 1.6% and 7.7%, respectively. Demand for homes remains strong, as evidenced …
Week Ahead – Between a Rock and a Hard Place
Inflation is a growing concern For years central banks have been operating under the assumption that inflation will eventually return to target while having the flexibility to wait until the economy is fully ready for higher rates. That luxury is a thing of the past and many now feel stuck between a rock and a …
David Tepper doesn’t think stocks are a great investment here, but says it all depends on rates
Hedge fund manager David Tepper has turned somewhat bearish on the stock market, citing uncertainties around interest rates and inflation. “I don’t think it’s a great investment right here,” Tepper said Friday on CNBC’s “Halftime Report.” “I just don’t know how interest rates are going to behave next year… I don’t think there’s any great …
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 Twitter and Square CEO Jack Dorsey says ‘hyperinflation’ will happen soon in the U.S. and the worldJack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency ... Read More  David Tepper doesn’t think stocks are a great investment here, but says it all depends on ratesHedge fund manager David Tepper has turned somewhat bearish on the stock market, citing uncertainties ... Read More  Longevity annuities can be a good deal for seniors. But not many people buy themMoMo Productions | DigitalVision | Getty ImagesAmerican life expectancy is trending up — and that ... Read More |